Services for Individuals
INDIVIDUAL TAX RETURNS
Taxation in Australia is complex and ever-changing. In order to stay abreast of changes affecting you we regularly undertake training to provide a comprehensive compliance service to individuals and business owners. We aim to bring a personal approach to clients by way of providing timely and accurate advice on all taxation issues, and working with you to develop legitimate tax minimisation strategies.
SALARY PACKAGING ADVICE
Did you know that depending on where you work, there are many ways in which you may choose to structure your salary in order to substantially minimise your tax? Make an appointment with Bernard to explore the most tax effective options available to you to receive your salary.
ribakasteel can help you and your family to prepare for the unexpected. We can structure your financial affairs in a tax effective way and ensure that your assets will go to your intended beneficiaries.
SELF-MANAGED SUPERANNUATION FUNDS (SMSF’s)
SMSF’s are a wonderful option for individuals looking for greater flexibility in estate planning, and additional investment options with their own retirement funds. Whilst there is no question that SMSFs can provide great benefits to trustees, they are however best suited to individuals who have a minimum of $300,000 to invest due to the costs of establishing a fund, and the ongoing annual taxation and auditing fees. It is also important to be mindful of the effort and discipline required to administer your fund in order to meet the tax office’s strict guidelines.
We suggest you contact Bernard to discuss your superannuation options and whether the establishment of a SMSF is appropriate for your needs.
Read more about our services for business.